StockMarketWire.com - Wynnstay Group booked a FY pretax profit of £8.0m, from £7.76m a year ago. Revenue was £413.48m, from £375.78m. It proposed a final dividend of 6.2p a share, taking the total up 9% to 9.3p.

CEO Ken Greetham said the results reflected a combination of organic growth across all divisions as well as the benefit of the small acquisitions made in the last two years.

"Like last year, the trading backdrop has been dominated by very difficult weather conditions and these strong results demonstrate once again the resilience of the business model," Greetham said.

During the year, Wynnstay opened new retail stores, completed a further small acquisition and, at the end of the year, acquired certain trading assets of Carmarthen & Pumsaint Farmers Limited, a farmers' co-operative operating in South West Wales.

"The acquisition fits seamlessly with our existing Wynnstay Store network, adding seven new stores and significant new customer volumes for fertiliser and feed as well as other products."

Looking ahead, Wynnstay said it was well positioned to continue its growth. "Our diversified business model remains a major strength together with our expanding customer base."




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